U.S.

February 15, 2013

Realistic financial goals set path for success

Tags:
Airman 1st Class GRACE LEE
56th Fighter Wing Public Affairs

Finance-Picture
Whether it’s money needed for a college fund, car, future home or credit card debt, it is essential to plan ahead and create financial goals.

“Financial goals enable us to properly plan where our money should be saved and spent,” said Cory Carmichael, 56th Force Support Squadron Airman and Family Readiness Center community readiness specialist. “For most working adults and military members the concern is not the lack of money, but rather the lack of planning and goals.”

To start, it is important to set practical goals and keep oneself accountable.

“Ensure the goals are realistic and attainable,” said Victoria Muniz, 56th FSS community readiness specialist. “Don’t set yourself up for failure with unrealistic and unspecified goals. It is so easy to become confused and discouraged. Take a step back, and tackle it again in a day or two.”

An easy way to create an achievable goal is by using the SMARTER method.

“SMARTER stands for specific, measurable, action orientated, result focused, time limited, excitable and reward,” Muniz said. “Using the SMARTER method is not only great for making financial goals but practically anything goal orientated.”

For Carmichael, the best place to start if unsure about goal planning is with debt.

“In addition to paying all bills on time, one should pay off any accounts with high interest finance charges,” he said. “I also advise having an emergency fund just in case something occurs.”

Muniz recommends sharing goals with family or close friends in order to help remain accountable as well as scheduling a time to speak with a financial counselor.

“Sit down with a financial counselor and discuss your goals and plans for today and the future,” she said. “The Airman and Family Readiness Center has financial counselors available to help with financial needs.”

While creating a goal may be the easy part, staying on track isn’t always as easy. For this, Carmichael suggests spending less than what is earned, paying all bills on time, every time and starting small while thinking big for saving money.

“The A&FRC, in addition to having trained financial counselors, has publications, guides, classes and other free resources to answer all your financial questions,” Carmichael said. “The A&FRC also provides one-on-one appointments to review and discuss budgets and spending plans. Take steps now to improve your financial fitness.”

For more information on financial counselors or creating financial goals, call the A&FRC at (623) 856-6550.




All of this week's top headlines to your email every Friday.


 
 

 

My personal leadership philosophy

My personal leadership philosophy can be summed up in just a few words — people first, mission always. Some may mistake the phrase “people first, mission always” as a dictum to coddle unit personnel through adversity, but actually, my focus is on preparing them to overcome adversity. The mission will always press on, but without...
 
 

Work, family balance success marker

“Being successful means having a balance of success stories across the many areas of your life. You can’t truly be considered successful in your business life if your home life is in shambles.” — Zig Ziglar In our careers, we frequently hear about the importance of having balance in our life and job. Some common...
 
 
Staff Sgt. 
TIMOTHY BOYER

Luke plays role in saving species

Staff Sgt.TIMOTHY BOYER A team of wildlife specialists prepare a Sonoran pronghorn for release into the wild at the Cabeza Prieta National Wildlife Refuge in Ajo. Sixty-nine pronghorn were captured this year. Of those, more tha...
 

 

News Briefs December 19, 2014

Road closure Litchfield Road at Northern Parkway is closed daily 9 a.m. to 3 p.m. through Sunday to paint the bridge overpass, weather permitting. Northern Parkway will remain open. Reems Road and Dysart Road are alternate routes. For more information, call MCDOT at 480-350-9288. MLK luncheon There will be a Martin Luther King Jr. luncheon...
 
 
Senior Airman 
JAMES HENSLEY

MWD Roy — partner, friend passes

Senior AirmanJAMES HENSLEY Staff Sgt. Scott Emmick, 56th Security Forces Squadron Military Working Dog handler, and Roy, 56th SFS MWD, play Dec. 14, 2012, at the at Luke Air Force Base kennels. The MWD and handler team plays to...
 
 

46 graduate ALS in class 15-1

The 56th Fighter Wing Airman Leadership School graduated 45 senior airmen and one staff sergeant Dec. 11 from class 15-1. The graduates are senior airmen unless otherwise noted. John L. Levitow award: Nathaniel Gladney, 56th Aircraft Maintenance Squadron Distinguished graduates: Matthew Goodspeed, 56th Operations Support Squadron; Russell Hires, 56th Medical Support Squadron; James Gilmore, 56t...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin